zlacker

Or (3), shut down the company. OpenAI's non-profit board had this power! They weren't an advisory committee, they were the legal and rightful owner of its for-profit subsidiary. They had the right to do what they wanted, and people forgetting to put a fucking quorum requirement into the bylaws is beyond abysmal for a $10+ billion investment.

Nobody comes out of this looking good. Nobody. If the board thought there was existential risk, they should have been willing to commit to it. Hopefully sensible start-ups can lure people away from their PPUs, now evident for the mockery they always were. It's beyond obvious this isn't, and will never be, a trillion dollar company. That's the only hope this $80+ billion Betamax valuation rested on.

I'm all for a comedy. But this was a waste of everyones' time. At least they could have done it in private.

>>JumpCr+(OP)
It's the same thing, really. Even if you want to shut down the company you need a CEO to shut it down! Like John Ray who is shutting down FTX.

There isn't just a big red button that says "destroy company" in the basement. There will be partnerships to handle, severance, facilities, legal issues, maybe lawsuits, at the very least a lot of people to communicate with. Companies don't just shut themselves down, at least not multi billion dollar companies.

>>lacker+J1
You’re right. But in an emergency, there is a close option which is to put the company into receivership and hire an outside law firm to advise. At that point, the board becomes the executive council.